The Railway Inn, an income generating investment property has been sold by specialist business property adviser, Sidney Phillips.
The Railway Inn is contained in a substantial property standing beside the A39 in the West Somerset town of Williton. Williton is an important West Somerset town having one of the ten stations on the West Somerset Steam Railway, this being close to the Railway Inn and consequently beneficial for trade. Williton is the home of West Somerset District Council and has a population of around 2,600 residents.
The property benefits from four trade areas, a large garden and a detached four bedroom owners annexe.
Sidney Phillips have sold the freehold interest of the Railway Inn, subject to a protected 20 year fully repairing and insuring lease agreement. A rental income of £30,750 per annum is produced (subject to annual RPI adjustments), generating an attractive 9.2% yield.
The property was sold off an asking price of £325,000.